The Principal Difference Between Managerial Accounting and Financial Accounting Is

question 89

Multiple Choice

The principal difference between managerial accounting and financial accounting is that managerial accounting information is:

• A)Prepared by managers.
• B)Intended primarily for use by decision makers inside the business organization.
• C)Prepared in accordance with a set of accounting principles developed by the Institute of Certified Managerial Accountants.
• D)Oriented toward measuring solvency rather than profitability.